The global Electrosurgical Devices Market will be worth USD 7.62 Billion by 2027, according to a current analysis by Emergen Research. The growth of this market can be attributed to the increasing investments of the major market players to produce technologically advanced electrosurgical devices. The high prevalence of obesity and cardiovascular diseases among the population is expected to drive the growth of the market over the forecast period.
The increase in funding of the government in order to establish innovative technologies and to improve the healthcare infrastructure is most likely to present lucrative opportunities for the market players over the forecast period. The growing number of cosmetic surgeries due to the rising investments in aesthetic procedures are projected to drive the demand for the devices. Growing awareness among the population about the advanced surgical procedure presents growth opportunities for the market players.
The Global Electrosurgical Devices Market Research Report provides a brief overview inclusive of the competitive landscape and key developments, policies, manufacturing costs, and processes. The report also provides the analysis of import/export, production and consumption ratio, supply and demand, cost, price, estimated revenue, and gross margins. The report further discusses in detail the driving factors influencing the growth of the market currently and in the coming years.
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Electrosurgical devices are medical instruments used in a variety of surgical procedures to cut, coagulate, or remove tissue using high-frequency electrical current. These devices have revolutionized the field of surgery by providing precise and efficient methods for tissue dissection and hemostasis. They are commonly used in fields such as general surgery, gynecology, urology, dermatology, and others
The leading market contenders listed in the report are:
Olympus Corporation, Covidien PLC, Boston Scientific, Ethicon, Inc., Braun Melsungen AG, Bovie Medical Corporation, Smith and Nephew, Medtronic PLC, Johnson & Johnson, Conmed Corporation
Principles of Electrosurgery: Electrosurgery operates on the principle of passing electrical current through tissue to achieve desired surgical outcomes. The basic components of an electrosurgical device include an electrosurgical generator, a handpiece or electrode, and a patient return electrode (also known as a grounding pad). The generator delivers high-frequency electrical energy to the handpiece, which is applied to the tissue
Some Key Highlights from the Report
- In June 2020, Boston Scientific announced the launch of the DIRECTSENSE™ technology. The technology is a tool for monitoring the effect of radiofrequency (RF) energy delivery during cardiac ablation procedures.
- Bipolar held the largest market share of 61.5% in the year 2019 due to the wide application of the bipolar segment in the cases related to neurosurgery or otolaryngology.
- The Active Electrodes is forecasted to grow with the fastest CAGR of 6.4% over the forecast period due to the increasing technological advancement of the active electrodes.
- General surgery accounted for the largest market share of the electrosurgical devices market in 2019 due to the increase in demand for minimally invasive surgeries.
- The Asia Pacific region is expected to be the fastest-growing region over the forecast period due to the increasing initiatives of the government to improve the healthcare infrastructure.
Key reasons to buy the Global Electrosurgical Devices Market report:
- It offers a detailed account of the end-use applications of the products services offered by this industry.
- The latest report comprehensively studies the global Electrosurgical Devices market size and provides useful inference on numerous aspects of the market, such as the current business trends, market share, product offerings, and product share.
- The report offers an insightful analysis of the regional outlook of the market.
- The report holistically covers the latest developments taking place in this industry. Therefore, it lists the most effective business strategies implemented by the market rivals for ideal business expansion.
Market Segmentations of the Electrosurgical Devices Market
Method Outlook (Volume: Kilo Tons) (Revenue, USD Billion; 2017-2027)
- Bipolar
- Monopolar
Product Outlook (Volume: Kilo Tons) (Revenue, USD Billion; 2017-2027)
- Active electrodes
- Electrosurgical Generators
- Dispersive Electrodes
- Electrosurgical Instruments and Accessories
Surgery Type Outlook (Volume: Kilo Tons) (Revenue, USD Billion; 2017-2027)
- Gastroenterology
- General surgery
- Gynecology
- Cosmetic
- Neurosurgery
- Cardiovascular
- Urology
- Orthopedic
- Others
Regional Outlook of the Electrosurgical Devices Market
The global Electrosurgical Devices market has been categorized into several important geographical regions, including North America, Europe, Asia Pacific, Latin America, and Middle East Africa. In this section, authors of the report have studied the presence of the global Electrosurgical Devices market across major geographies. Moreover, the estimated market share, market size, revenue contribution, sales network and distribution channel, and other crucial elements of each regional segment have been detailed in the report.
The research provides answers to the following key questions:
- What will be the growth rate of the Electrosurgical Devices market for the forecast period, 2020 to 2030? What will be the market size and the share occupied by the prominent vendors by the estimated period?
- What are challenges and threats faced by the prominent vendors operating in the Electrosurgical Devices market?
- Who are the prominent vendors and what has been their business strategy so far to maintain a competitive edge over their competitors?
- What are the past, present and emerging trends likely to influence the growth rate of the Electrosurgical Devices market for the forecast period, 2022 to 2030?
- What are the opportunities prominent vendors can bank on to generate more profits during the estimated period?
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About Emergen Research
Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
